India Targets Saudi Investment In Strategic Oil Storage

"The United States is increasingly leading the expansion in global oil supplies, with significant growth also seen among other non-OPEC producers, including Brazil, Norway, and new producer Guyana", the IEA said in its five-year outlook.

"The Saudis are not going to relent on cutting production". Recently, the US President Trump chose to push the trade deal deadline and they are highly likely to enter into a deal on March 27 Summit.

According to an annual five-year outlook report by the International Energy Agency, the USA became the world's top oil producer in 2018, and is set to become the world's biggest oil exporter over the next five years.

"This is just the beginning", said Phil Flynn, senior market analyst at Price Futures Group Inc.in Chicago. Further trend depends upon the violation of a sideways channel which is support oil around $55 along with resistance around $58.

While OPEC members agreed to cut about 800,000 barrels, their non-OPEC allies led by Russian Federation resolved to cut their output by 400,000 barrels, in a bid to strengthen crude oil prices, tighten and stabilize the crude oil market. Gains have been limited though as USA crude production remains at record-high levels. OPEC Secretary-General Mohammad Barkindo said "we are not anxious about shale".

West Texas Intermediate for April delivery climbed 47 cents to $57.26/bbl at 12:01 p.m. on the New York Mercantile Exchange.

The EIA also expected that WTI crude oil prices will average 9 dollars a barrel lower than Brent prices in the first half of 2019 before the discount gradually falls to 4 dollars a barrel in the fourth quarter of 2019 and throughout 2020.

Saudi Arabia's production cut means the country will ship less than 7 MMbpd in April, significantly less than the 7.6 MMbpd its customers requested, the Saudi official said.

Brian Hook, the State Department's special representative on Iran, said in remarks at the CERAWeek energy conference that due to a global oil surplus - in part due to record US production - the United States is accelerating its plan of bringing Iranian crude exports to zero. The American Petroleum Institute is scheduled to release its weekly count of stockpiles later Tuesday.

Iran has been in discussions with South Korea to purchase several new super tankers, but the talks have gone nowhere as of yet. He said he expects China and India purchases alone to account for around 800,000 to 900,000 bpd.

A Wells Fargo spokesperson told Yahoo Finance Sloan doesn't feel additional pressure being the first CEO in the witness chair. Since then, Wells Fargo has struggled to fix its image as it's disclosed harming customers in other areas of the company.

There are 111 people with injuries, 18 hospitals destroyed, 938 classrooms destroyed and 9,763 students affected. Almost 85,000 hectares of crops have been flooded, affecting more than 57,800 smallholder farmers.

Varadkar was returning to the White House for an evening reception and the presentation of a bowl of shamrocks to Trump. Mr Trump was asked by reporters if he was still a Brexit supporter. "One way or the other it's going to work out".

According to Trade Minister David Parker, the man who assaulted Shaw shouted something about the United Nations before the attack. Many commented on the fact that the attack was possible only because New Zealand's MPs were so accessible to the public.

Maduro was fiercely critical of national security adviser John Bolton and Elliott Abrams, the US special envoy for Venezuela. He said staffers look forward to resuming their presence in Venezuela "once the transition to democracy begins".

But on Thursday, when asked if Booker would make a great president, she answered, "I think so - he's an awesome human being". She was also asked whether she was looking to get engaged to Booker, to which Dawson replied she has "no idea".

Bayern have an option to sign Rodriguez this summer, but it doesn't appear as though they will go through with it. Mateo Kovacic, Achraf Hakimi, Martin Odegaard and Lucas Silva are each also facing permanent exits.

Jazz owner Gail Miller addresses Russell Westbrook incident
Pacers forward Ron Artest jumped into the stands after a fan threw a cup at him while he was resting on the scorer's table. "I don't think it's fair to the players, not just to me but I don't think it's fair to the players", Westbrook said .

LeBron James inspires the Lakers
NEW ORLEANS - Giannis Antetokounmpo scored 24 points and Milwaukee used a 45-point third quarter to pull away from New Orleans. IN snapped its two-game losing streak and remained tied with Philadelphia for the No. 3 spot in the Eastern Conference.

Massive Solar Storm Hit The Earth More Than Two Millennia Ago
New research indicates that solar storms can be even more powerful than measurements have shown so far via direct observations. The researchers believe at least 10 billion protons per square centimeter were unleashed into the atmosphere from the event.

Wilder meets with DAZN
Wilder-Breazeale has been penciled in for May 18 at Barclays Center in Brooklyn, New York, on Showtime PPV. But I think there's an opportunity there for someone to be a mediator to get the fight done.

Samsung keeps the dream of the under-screen camera alive
We know for a fact that Samsung's been mulling over the idea for a while, but rival LG beat it to the punch with the LG G8 ThinQ . Samsung's ultimate goal is create a smartphone with all of sensors embedded beneath the screen.